The Real Deal New York

AKF Group inks lease for 57K sf at Brookfield’s 1 Liberty Plaza

Engineering firm AKF Group is the latest company to snap up office space at Brookfield Property Partners’ One Liberty Plaza.

The firm, which has been involved in the World Trade Center site redevelopment, signed on for 57,000 square feet spread across One Liberty Plaza’s 22nd and 23rd floors, the Wall Street Journal reported. The 15-year lease was orchestrated by JLL’s Michael Shenot, Paul Mas, Ruby Hwang and Roxanne Tehranian on behalf of AKF. Brookfield’s Jeremiah Larkin and Duncan McCuaig represented the landlord along with David Falk, Peter Shimkin, Hal Stein and Nick Berger of Newmark Grubb Knight Frank.

“Lower Manhattan always has provided competitive real estate form a cost perspective but more recently the investment in the transit center and a booming increase in retail is providing the full live-work-play environment, Shenot told the Journal. “Downtown is attracting tenants who 10 years ago wouldn’t have considered it.”